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Tag Archives | Dieselgate

VW Shares Jump As Fuel Consumption Problem Overstated

VW Shares Jump As Fuel Consumption Problem Overstated. “the (estimated) impact of 2 billion euros will in fact end-up being materially lower”    WOLFSBURG, Germany – Volkswagen shares spurted in Europe, after the company announced it had overstated its earlier admission that fuel consumption false data had affected 800,000 cars.    The true figure is […]

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Investors Braced For Action If Volkswagen Contagion Spreads

Investors Braced For Action If Volkswagen Contagion Spreads. “Everyone knew what the tests involved and tried to optimize, and maybe VW tried a bit too hard” Volkswagen’s revelations about its emissions cheating have paused for a moment, but investors’ biggest fear is being sideswiped by news the crisis was spreading to other big auto manufacturers […]

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Mueller Steers VW Towards Higher Profits, Less Grandstanding

Mueller Steers VW Towards Higher Profits, Less Grandstanding. New CEO Seeks To Reassure Investors About “Dieselgate” Impact. Is China Going To Be A Bigger Problem? “However uncertainty remains high and we cannot rule out further setbacks” Volkswagen first quarterly loss in 15 years scared investors but attempts by new CEO Matthias Mueller to show that […]

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Volkswagen Sales Start To Feel The Impact Of Diesel Scandal

Volkswagen Sales Start To Feel The Impact Of Diesel Scandal “Our key concern remains over VW, Audi’s relative competitiveness in an environment where its cost of capital may be higher than competitors” The diesel scandal has started to undermine Volkswagen’s sales in Western Europe, according to latest sales data, but investment banks are taking a […]

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VW, Audi Face Big Backlash In U.S.

VW, Audi Face Big Backlash In U.S. “This is a serious violation of the law. Volkswagen was ripping off the consumer and hurting the environment at the same time” Volkswagen and Audi faced a huge crisis on September 21, and an expensive backlash to its business in the U.S. after the EPA charged it with […]

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Volkswagen Scandal Likely To Have Broad Ramifications

Volkswagen Scandal Likely To Have Broad Ramifications. “the transportation sector could be affected if this emission test crisis affects consumers and regulator’s attitudes towards cars and pollution” Auto manufacturers should avoid taking too much pleasure from Volkswagen’s embarrassed writhing after it admitted scamming U.S. diesel rules because the fall-out from the crisis will be felt […]

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